Student's Rights

I have the right to know what financial aid programs are available at OC.

I have the right to know the deadlines (if any) for submitting application for each financial aid program.

I have the right to know how my financial need was determined, including how various expenses in my budget are considered.

I have the right to know the criteria used to select financial aid recipients.

I have the right to know what resources are considered in the calculation of my awards.

I have the right to request an explanation of the various programs in my financial aid package.

I have the right to accept or reject all or part of the awards granted. (Substitute funds may not be available if the initial offer is rejected.)

Student's Responsibilities

I must submit an application for admission and all needed transcripts to the Admission’s office.

I must complete all forms and submit them to the appropriate office in a timely manner.

I am responsible for reading, understanding, and retaining copies of all forms I am asked to sign.

I must provide any additional documentation, verification information, or corrections requested by the Financial Aid Office before any funds will be disbursed.

I must complete all information requested for full consideration and any omissions or false information may be cause for cancellation and/or repayment of fund awards.

I am responsible for completing additional applications required for scholarships and loans by going to the Financial Aid Office or on the web page.

I am aware that OC determines the amount and type of aid awarded. Notices of decisions are mailed to me and I am responsible for any charges that financial aid does not cover.

I am aware that I must maintain Satisfactory Academic Progress to avoid financial aid suspension. I must maintain a 2.0 overall grade point average and complete 66% of the total classes attempted.

I am aware that if I have more attempted hours than is allowed for my major, I will not be eligible for federal aid.

I am aware that I cannot receive a Pell grant from two schools for the same semester.

I am responsible for understanding the consequences of not attending class.

I am responsible for knowing the sources of financial aid which I receive and whether the aid is a loan, grant, and/or scholarship. If the aid is a loan, I must know to whom repayment is to be made and the terms of repayment.

It is my responsibility to inform the Financial Aid Office of any change in my student or financial status. This includes, but is not limited to: change of major, change of enrollment, receipt of an off-campus scholarship, etc.

If I have a loan it is my responsibility to complete an exit interview online prior to either dropping to a less-than-half-time enrollment status or separation from OC either by graduation or complete withdrawal.

I am aware that if I am in default on a loan or owe a repayment of federal aid, I am ineligible for further assistance until satisfactory repayment is made.

I must keep the Registrar's Office informed of my correct address at all times while I am enrolled in school and after graduation if loans are outstanding.